Test Your Coinbase and AMP Token Knowledge!

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  • 1/10 Questions

    Which regulatory compliance is crucial for Coinbase to operate legally?

    • Anti-Money Laundering (AML)
    • Environmental Protection
    • Health and Safety Regulations
    • International Trade Agreements
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About This Quiz

Discover your understanding of Coinbase, a prominent cryptocurrency exchange, and the AMP token with this informative Coinbase AMP Token Knowledge Quiz. With questions ranging from Coinbase's founding year to its regulatory compliance, services, and revenue streams, this quiz delves into the fundamentals.

Explore the significance of USD Coin (USDC) within Coinbase and the role of Coinbase Custody in secure storage. Test your knowledge of the AMP token's collateralization mechanism and its association with decentralized finance (DeFi).

From listing choices to security technologies, this quiz challenges your expertise in the world of cryptocurrencies and exchange platforms. Answer wisely and uncover your proficiency in Coinbase and AMP token awareness!

Test Your Coinbase And Amp Token Knowledge! - Quiz

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  • 2. 

    What's the role of the "USD Coin (USDC)" on Coinbase?

    • A governance token for Coinbase platform

    • A stablecoin pegged to the US Dollar

    • A privacy-focused cryptocurrency

    • A token used for tokenizing real estate

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  • 3. 

    Which major stock exchange did Coinbase choose for its direct listing?

    • Nasdaq

    • NYSE

    • LSE

    • TSE

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  • 4. 

    What year was Coinbase founded?

    • June 2009

    • May 2012

    • July 2014

    • August 2017

  • 5. 

    What's the primary purpose of the AMP token's collateralization mechanism?

    • Ensuring transaction speed on the Ethereum network

    • Providing rewards for token holders through staking

    • Backing up the value of AMP tokens with collateral

    • Enabling cross-chain compatibility

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  • 6. 

    How does Coinbase make a significant portion of its revenue?

    • Through transaction fees from trading activities

    • By offering consulting services to blockchain startups

    • By selling user data to third-party companies

    • By mining cryptocurrencies and selling them

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  • 7. 

    What is the significance of Coinbase Custody?

    • It's a feature for buying cryptocurrencies with credit cards.

    • It allows users to lend and borrow cryptocurrencies.

    • It's a service for high-volume trading.

    • It provides secure storage for institutional investors' cryptocurrencies.

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  • 8. 

    What's the main technology behind the security of Coinbase transactions?

    • Proof of Work (PoW)

    • Delegated Proof of Stake (DPoS)

    • Hierarchical Deterministic (HD) Wallets

    • Ring Signature Technology

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  • 9. 

    Which cryptocurrency exchange did Coinbase acquire to enhance its DeFi offerings?

    • Binance

    • Uniswap

    • Paradex

    • Kraken

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  • 10. 

    Coinbase offers services in how many countries approximately?

    • 30

    • 60

    • 100

    • 150

    Rate this question:

Quiz Review Timeline (Updated): Nov 16, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Nov 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Aug 11, 2023
    Quiz Created by
    Smriti Singh

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